Argues that the future will bring major redistribution of wealth and power around the world, which will result in social and political consequences in the United States and Europe, when the population that is accustomed to living in prosperity must stop living beyond their means.
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The argument of "Breakout Nations" is that the astonishingly rapid growth over the last decade of the world's celebrated emerging markets is coming to an end. The era of easy money and easy growth is over. China, in particular, will soon slow, but its place will not necessarily …